French independent power producer (IPP) Neoen has recorded €109.1 million (US$115 million) in revenue in the opening quarter of 2022 due to a strong growth in its renewable assets and energy storage.

Tesla made 846MWh of battery energy storage system deployments in the first quarter of this year.

Ongoing supply chain challenges and the impact of Russia’s war on Ukraine have affected the quarterly revenues of LG Energy Solution.

Global energy storage and electric vehicle (EV) technology group NHOA, formerly Engie EPS, doubled its energy storage revenues in 2021 and says it has a €764m pipeline for the segment.

Canadian Solar shipped just under 900MWh of battery storage in 2021 but expects to double that figure this year. 

Li-Cycle has seen its revenues rise although the cost of expansion to meet expected future demand remains high.

The award of contracts by utility Southern California Edison (SCE) for 537.5MW/2.150MWh of battery energy storage systems (BESS) has enabled a significant rise in revenues for Ameresco’s project business.

Genex Power has now achieved financial close on its 50MW/100MWh battery energy storage system (BESS) project in Queensland, Australia. 

Redflow has reported a significant rise in revenues from its zinc-bromide flow batteries but the Australian company noted that it expects to remain “cash-flow negative for some time”.

Eos Energy Enterprises’ leadership has claimed gross positive margins can be achieved in a year and a half.